Despite its high purchase price, the neighborhood's strong market demand and low renovation needs made it a promising investment for maximizing profit with minimal turnaround time.

-Paper folding machine, this will save you a ton of time.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

The call has gone out dozens of times for anyone on BP to tell a story about how having an LLC saved them.

To maximize cash flow, find suitable properties, analyze numbers, and focus on student-friendly amenities.

An LLC creates a legal separation between you and the property, so if something goes wrong—like a lawsuit or debts related to the property—your personal savings, home, and other assets are shielded.

They renovate it with their own contractors to save costs.3.

Do you have savings and reserves to hold properties?

The difference in interest rates was saving me over $500 a month, and that’s the amount on cash flowing.

You would build equity in your own property and could save an extra $2,000 a month.